{"id":164934,"date":"2018-05-25T16:42:19","date_gmt":"2018-05-25T20:42:19","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=164934"},"modified":"2018-05-25T16:42:19","modified_gmt":"2018-05-25T20:42:19","slug":"source-trump-administration-has-cut-deal-with-chinas-zte","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/05\/25\/source-trump-administration-has-cut-deal-with-chinas-zte\/","title":{"rendered":"Source: Trump administration has cut deal with China’s ZTE"},"content":{"rendered":"
\"Word<\/a>
Word of a reported ZTE agreement comes nearly a week after the U.S. and China suspended plans to impose tariffs on as much as $200 billion of each other’s goods. (testing \/ Shutterstock.com)<\/figcaption><\/figure>\n

WASHINGTON \u2014 The\u00a0Trump\u00a0administration has told Congress that it’s reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday.<\/p>\n

A resolution of the ZTE case could clear the way for the United States to make progress in its high-stakes trade talks with China. But news of the agreement drew immediate fire on Capitol Hill.<\/p>\n

Under the agreement, ZTE would oust its management team, hire American compliance officers and pay a fine. The fine would come on top of the roughly $1 billion ZTE has already paid for selling equipment to North Korea and Iran in violation of U.S. sanctions.<\/p>\n

In return, the Commerce Department would lift a seven-year ban on ZTE’s purchase of components that the Chinese firm depends on from U.S. companies. The ban, imposed earlier this month, threatened to put ZTE out of business.<\/p>\n

The Commerce Department did not immediately respond to a call seeking confirmation of the agreement. On Capitol Hill, one senior congressional source said leaders have not yet received formal notification.<\/p>\n

Lawmakers have warned the administration not to go easy on a company that brazenly violated U.S. sanctions against two rogue nations that were pursuing nuclear weapons production.<\/p>\n

\u201cIf the administration goes through with this reported deal, President\u00a0Trump\u00a0would be helping make China great again,\u201d said Democratic Sen. Chuck Schumer of New York.<\/p>\n

Schumer added: \u201cBoth parties in Congress should come together to stop this deal in its tracks.\u201d<\/p>\n

\u201cZTE presents a national security threat to the United States \u2014 and nothing in this reported deal addresses that fundamental fact,\u201d said Sen. Chris Van Hollen, D-Md. \u201cIf President\u00a0Trump\u00a0won’t put our security before Chinese jobs, Congress will act on a bipartisan basis to stop him.\u201d<\/p>\n

Republican Sen. Marco Rubio of Florida tweeted: \u201cIt is a great deal … for #ZTE & China … Many hoped this time would be different.\u201d<\/p>\n

Congress, Rubio said, \u201cwill need to act.\u201d<\/p>\n

The Commerce Department last month blocked China’s ZTE from importing American components for seven years, having concluded that ZTE deceived U.S. regulators after it settled charges last year of violating sanctions against Iran and North Korea. The ban amounted to a virtual death sentence for ZTE, which relies on U.S. parts, and it also hurt ZTE’s U.S. suppliers.<\/p>\n

On the eve of broad trade talks last week with a Chinese trade envoy,\u00a0Trump\u00a0waded into the ZTE case: He tweeted that he was working with President Xi Jinping to put ZTE \u201cback in business, fast\u201d and save tens of thousands of Chinese jobs.<\/p>\n

He later tweeted that the ZTE talks were \u201cpart of a larger trade deal\u201d being negotiated with China.<\/p>\n

Word of a reported ZTE agreement comes nearly a week after the U.S. and China suspended plans to impose tariffs on as much as $200 billion of each other’s goods. In doing two, the two nations pulled back from the brink of a trade war over Chinese demands that U.S. companies hand over some of their technology as the price of doing business in China.<\/p>\n

Commerce Secretary Wilbur Ross is scheduled to travel to Beijing on June 2 for further discussions over China’s aggressive push to challenge U.S. technological dominance. Resolving the ZTE case \u2014 a company that employs more than 70,000 Chinese \u2014 could make the talks go more smoothly.<\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON \u2014 The\u00a0Trump\u00a0administration has told Congress that it’s reached a deal that would allow Chinese telecommunications giant ZTE Corp. to …<\/p>\n","protected":false},"author":33,"featured_media":163674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24157,16],"tags":[420,9869,352,49977],"class_list":["post-164934","post","type-post","status-publish","format-standard","has-post-thumbnail","category-american-news","category-news","tag-china","tag-donald-trump","tag-us","tag-zte","mauthors-paul-wiseman","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/164934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=164934"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/164934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/163674"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=164934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=164934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=164934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}